The Keller Story

 

About Our Company

 

Despite a two-year decline in the national real estate market, Keller Williams continues to be one of the fastest growing franchises in North America, growing some 330% from 16,866 agents in 2003 to 72,594 in 2007.  The company’s Profit Sharing Program has also maintained a strong growth pattern from $11.7 million in 2003 to $48.4 million for 2007.

 

At Keller Williams it’s not all just about profits, systems and strategies.  In regional retreats called Culture Summits, agent “culture icons” gather with KW leaders.  The purpose of which is to discuss, vision and share learned experiences about culture and, specifically, how the Keller Williams culture can impact market centers and regions.

 

As for best practices, Keller Williams has itself implemented various productivity-enhancing programs such as: Operation Heart to Heart – a $1 million program providing productivity and profitability tools to help agents manage the shifting market; Keller Williams Listing System – a company-wide database allowing agents full control of the accuracy, timeliness and depth of their listing information and which is promoted on a selective list of eight of the most powerful real estate Internet sites.  Keller Williams has also made available to its agents resources such as the Market Trajectory Research and Regional Graphs – a reporting system that helps agents identify shifts in the real estate market three to four months in advance of shifts being noticed in local markets


Opting for new home construction

Whether to buy an existing home or have one built is yet another decision to make during the home-buying process. If you decide to go with new construction, a real estate agent can be a powerful advocate in your corner as you negotiate upgrades, a move-in date and other terms with the home builder.

Below are some basic pointers to prepare you for the journey ahead.

Selecting a builder
Shopping for a large production or custom home builder can be a daunting task. Start by defining what architectural styles appeal to you and then seek out the builders in your area who offer those styles. Due diligence is essential. Ask friends for referrals to get firsthand accounts; verify the builder's state license status, if applicable; and check whether they're certified by the National Association of Home Builders.

The builder representative and your real estate agent
A builder representative's ultimate goal is to sell you a home. His or her role is to provide a wide range of information to help you in your decision-making, from building restrictions, roads and easements to inspections, warranties, rebates and upgrades. A real estate agent knowledgeable in new-home construction will be able to help you wade through all the data and point out the downsides and upsides of each line item. Your agent also can look out for your interests in reviewing the builder's contract, which often contains more legal jargon than consumer-friendly language.

It's all about timing
Market conditions greatly dictate a builder's incentive to make a deal you cannot refuse. When a builder has inventory on his hands, his carrying costs start adding up. When this happens, a builder might be more amenable to strike a favorable deal, whether it's throwing in upgrades or taking a bit off the asking price. A real estate agent can help you know when market conditions are right for these benefits. Also, watch for builder close-out sales. Builders promote these special events when a new subdivision is near completion but empty inventory still remains.

A word about paying up
While there are always exceptions, most builders require a deposit when a purchase agreement is signed. They also require that the buyer pay for any upgrades prior to closing. If you back out prior to closing, unless the agreement states otherwise, you will lose that money. Make sure you understand every detail in the builder's contract before signing it.